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Article
Publication date: 14 August 2017

Mohammad Mafizur Rahman, Kais Saidi and Mounir Ben Mbarek

The purpose of this paper is to explore the effects of population growth (PG), environmental quality and trade openness on economic growth of major developed and developing…

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Abstract

Purpose

The purpose of this paper is to explore the effects of population growth (PG), environmental quality and trade openness on economic growth of major developed and developing countries.

Design/methodology/approach

The authors have used the panel unit root and panel co-integration tests over the period 1960-2013. Granger causality test is used to find out the direction of causality between the variables.

Findings

There is a bi-directional relationship between economic growth and trade openness, and a unidirectional relation, running from trade openness to CO2 emissions in the three developed countries. PG has a positive effect on economic growth in three developing countries and there exists a bidirectional relationships between CO2 emissions and PG and a unidirectional relationship from PG to economic growth and from trade openness to economic growth. Furthermore, there is a unidirectional relationship from PG to economic growth and bidirectional relationships between trade openness and economic growth for the six selected countries.

Originality/value

This is the first comprehensive research that combined the selected three major developed and three major emerging countries of the world to explore the effects of three important variables on economic growth. The authors’ findings will help the policy makers as well as the people of these six countries. this study has shown the aggregate and disaggregate results, so a comparison between the groups of countries is possible. Therefore, this research has significant contributions.

Details

Journal of Economic Studies, vol. 44 no. 3
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 11 December 2019

Sahbi Farhani and Mohammad Mafizur Rahman

The purpose of this study is to investigate the relationship between natural gas consumption and economic growth of France.

Abstract

Purpose

The purpose of this study is to investigate the relationship between natural gas consumption and economic growth of France.

Design/methodology/approach

To analyze the relationship, an extended Cobb–Douglas production function is used. The auto-regressive distributive lag bounds testing approach is applied to test the existence of the long-run relationship between the series. The vector error correction model Granger causality approach is implemented to detect the direction of causal relation between the variables.

Findings

The results show that variables are cointegrated for the long-run relationship. They also indicate that natural gas consumption, exports, capital and labor are the contributing factors to economic growth in France. The causality analysis indicates that feedback hypothesis is validated between gas consumption and economic growth. The bidirectional causality is also found between exports and economic growth, gas consumption and exports and capital and gas consumption.

Research limitations/implications

The feedback hypothesis between gas consumption and economic growth implies that adoption of energy conservation policies should be discouraged; rather, gas consumption and economic growth policies should be jointly implemented.

Originality/value

This study is an original work for France and shows the results of the relationship between natural gas consumption and economic growth. In line with the results of this study, new direction for policy makers is opened up to formulate a comprehensive energy policy to sustain long-term economic growth in France.

Details

International Journal of Energy Sector Management, vol. 14 no. 2
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 29 April 2020

Mohammad Mafizur Rahman

This paper aims to investigate the effects of economic growth, population density and international trade on energy consumption and environmental quality in India.

Abstract

Purpose

This paper aims to investigate the effects of economic growth, population density and international trade on energy consumption and environmental quality in India.

Design/methodology/approach

Taking annual data of 1971-2011, autoregressive distributed lag bounds testing technique is applied to explore the long run link between the series. The Granger causality test is used to determine the direction of causality between the variables.

Findings

The obtained results confirm the cointegration of variables, and economic growth and population density are found to have significant positive effects on energy consumption in both the short and long runs. CO2 emissions are also positively and significantly affected by population density and energy consumption, and negatively affected by economic growth.

Originality/value

The paper is original and valuable in the sense that it has considered two relevant additional explanatory variables, namely, population density and trade openness, which got little attention in the past. This research is an improvement over the previous studies because it has looked at the separate effects of explanatory variables on energy consumption, in addition to the effects on carbon emissions. Therefore, the findings of this research are more reliable because this adopted methodology is better and extensive, and the authors have properly addressed the issue of omitted variable bias.

Details

International Journal of Energy Sector Management, vol. 14 no. 6
Type: Research Article
ISSN: 1750-6220

Keywords

Article
Publication date: 2 August 2019

Mohammad Mafizur Rahman, Rezwanul Hasan Rana and Suborna Barua

The purpose of this paper is to explore the drivers of economic growth in South Asia region for the period of 1975–2016 using the World Bank data.

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Abstract

Purpose

The purpose of this paper is to explore the drivers of economic growth in South Asia region for the period of 1975–2016 using the World Bank data.

Design/methodology/approach

Panel corrected standard error (static estimation) approach and one-step system generalised method of moments (dynamic estimation) approach are used.

Findings

Both the static and dynamic estimations indicate that energy use, gross capital formation and remittances are the main drivers of economic growth in South Asian countries. The effects of all these variables are positive and significant. The extent of the effect of energy use is much higher than that of other two variables on the economic growth. A 1 per cent increase in the growth of energy consumption can expedite the gross domestic product growth by approximately 3 per cent in South Asia. However, the key variables, such as trade, government expenditure and foreign direct investment demonstrate no significant effect.

Originality/value

The current research is original in the sense that it investigated the issue with a new data set using improved econometric techniques. Moreover, in South Asia as a whole, this kind of study is totally absent, particularly with panel data of a large number of years. Furthermore, this study has taken into account the problem of heterogeneity and the biases created by cross-section dependence, which were mostly absent in previous studies. Therefore, the findings of this research are new contributions to the existing literature.

Article
Publication date: 7 July 2023

Imalka Wasana Rathnayaka, Rasheda Khanam and Mohammad Mafizur Rahman

This study aims to explore the efficacy of government policy directions in mitigating the effects of the COVID-19 pandemic by employing a panel of 22 countries throughout the…

Abstract

Purpose

This study aims to explore the efficacy of government policy directions in mitigating the effects of the COVID-19 pandemic by employing a panel of 22 countries throughout the 2020-second quarter of 2022.

Design/methodology/approach

The panel autoregressive distributed lag (ARDL) model is employed to examine this phenomenon and to investigate the long-run effects of government policy decisions on infection and mortality rates from the pandemic.

Findings

The study reveals the following key findings: (1) Income support and debt relief facilities and stringent standards of governments are associated with reduced infection and death rates. (2) The response of governments has resulted in decreased mortality rates while simultaneously leading to an unexpected increase in infection rates. (3) Containment and healthcare practices have led to a decrease in infection rates but an increase in mortality rates, presenting another counterintuitive outcome. Despite the expectation that robust government responses would decrease infection rates and that healthcare containment practices would reduce mortality, these results highlight a lack of health equity and the challenge of achieving high vaccination rates across countries.

Research limitations/implications

To effectively combat the spread of COVID-19, it is crucial to implement containment health practices in conjunction with tracing and individual-level quarantine. Simply implementing containment health measures without these interconnected strategies would be ineffective. Therefore, policy implications derived from containment health measures should be accompanied by targeted, aggressive, and rapid containment strategies aimed at significantly reducing the number of individuals infected with COVID-19.

Practical implications

This study concludes by suggesting the importance of implementing economic support in terms of income, and debt relief has played a crucial role in mitigating the spread of COVID-19 infections and reducing fatality rates.

Social implications

To effectively combat the spread of COVID-19, it is crucial to implement containment health practices in conjunction with tracing and individual-level quarantine. Simply implementing containment health measures without these interconnected strategies would be ineffective. Therefore, policy implications derived from containment health measures should be accompanied by targeted, aggressive, and rapid containment strategies aimed at significantly reducing the number of individuals infected with COVID-19.

Originality/value

This research makes a unique contribution to the existing literature by investigating the impact of government responses on reducing COVID-19 infections and fatalities, specifically focusing on the period before COVID-19 vaccinations became available.

Details

International Journal of Sociology and Social Policy, vol. 44 no. 1/2
Type: Research Article
ISSN: 0144-333X

Keywords

Article
Publication date: 4 December 2017

Mohammad Mafizur Rahman, Rasheda Khanam and Son Nghiem

The purpose of this paper is to examine the effects of microcredit on women’s empowerment in rural Bangladesh using the latest primary data.

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Abstract

Purpose

The purpose of this paper is to examine the effects of microcredit on women’s empowerment in rural Bangladesh using the latest primary data.

Design/methodology/approach

Primary data have been collected by a household survey in the four districts of Bangladesh. Logistic regression is used to estimate the odd of improving women empowerment after participating in microfinance.

Findings

The results show positive impacts of microfinance on most of the selected indicators for women’s empowerment.

Research limitations/implications

Lack of control groups and baseline data are the main limitation of this research. Future research can address this issue by selecting institutions with baseline data or control groups.

Practical implications

The findings of the study can help policy makers to adopt appropriate policies that integrate empowerment in development projects with women.

Social implications

The results of this research could encourage more women to participate in microfinance activities and development projects.

Originality/value

This research provides the most updated data from a primary survey in Bangladesh. The authors also mitigate the possible selection biases by using a fixed-effects estimator.

Details

International Journal of Social Economics, vol. 44 no. 12
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 16 September 2022

Imalka Wasana Rathnayaka, Rasheda Khanam and Mohammad Mafizur Rahman

A systematic, PRISMA-guided literature review was conducted using four databases (ProQuest, PubMed, EconLit and Scopus) to analyze research published between February 2020 and…

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Abstract

Purpose

A systematic, PRISMA-guided literature review was conducted using four databases (ProQuest, PubMed, EconLit and Scopus) to analyze research published between February 2020 and August 2021. This review included 31 studies out of 1,248 that were identified.

Design/methodology/approach

In addition to the serious health issues it causes, severe acute respiratory syndrome coronavirus 2 (COVID-19) has a destructive impact on the global economy. The objectives of this study are (1) to examine the growing literature on variations of economic factors due to COVID-19 (2) to review the literature on the governmental response to the pandemic and (3) to discover the perspective and the gaps and outline the future avenues for further research.

Findings

All selected studies (31) have used the macroeconomic, household and health economic factors to analyze the economic impacts of the COVID-19 pandemic. Among these studies, 22 articles examined the economic consequences and macroeconomic activities, 7 analyzed microeconomic costs and healthcare trade-offs and 2 studies reviewed economic uncertainty and macroeconomic expectations.

Research limitations/implications

This study comprises the most relevant research articles to measure the economic consequences of COVID-19. As a result of the lockdown and other containment initiatives, price levels, employment and consumption patterns have all suffered.

Practical implications

Therefore, the government's requirement to develop policy tools and approaches to ensure a full recovery from the pandemic should lead to greater long-term economic resilience.

Originality/value

This study examines the economic implications of COVID-19, with the aim of not only analysing COVID-19's negative economic effects but also, those measures that provide new directions in the form of short-run economic impacts and policy decisions.

Details

Journal of Economic Studies, vol. 50 no. 1
Type: Research Article
ISSN: 0144-3585

Keywords

Article
Publication date: 1 July 2014

Muhammad Shahbaz and Mohammad Mafizur Rahman

– This paper aims to explore the relationship between exports, financial development and economic growth in case of Pakistan.

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Abstract

Purpose

This paper aims to explore the relationship between exports, financial development and economic growth in case of Pakistan.

Design/methodology/approach

The autoregressive distributed lag bounds testing approach to cointegration and error correction model are applied to test the long-run and short-run relationships, respectively. The direction of causality between the variables is investigated by the vector error correction model Granger causality test and robustness of causality analysis is tested by applying innovative accounting approach.

Findings

The analysis confirms cointegration for the long-run relation between exports, economic growth and financial development in case of Pakistan. The results indicate that economic growth and financial development spur exports growth in Pakistan. The causality analysis reveals feedback hypothesis that exists between financial development and economic growth, financial development and exports, and, exports and economic growth.

Originality/value

This study provides new insights for policy makers to sustain exports growth by stimulating economic growth and developing financial sector in Pakistan.

Details

International Journal of Development Issues, vol. 13 no. 2
Type: Research Article
ISSN: 1446-8956

Keywords

Article
Publication date: 11 November 2014

Shahid Mohammad Khan Ghauri

Over the past many years ago, lot of work has been completed by the researchers trying to understand the relationship between different factors and stock exchange prices. The…

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Abstract

Purpose

Over the past many years ago, lot of work has been completed by the researchers trying to understand the relationship between different factors and stock exchange prices. The author has tried to explain different factors that affect share prices. The purpose of this paper is to know about the impact of size, dividend, profitability, asset growth of 15 Pakistani banks on share price on the basis of previous behavior of all the variables with each other.

Design/methodology/approach

A sample of 15 banks has been selected from Karachi stock exchange for the period of 2008-2011, Arch-Garch and unit root cannot be applied to check the stationarity and volatility due to small sample size. The analysis utilized fixed effect regression model, the test includes regressing the dependent variable SP (share price) and independent variables size, DY (dividend yield), ROA (return on asset), and AG (asset growth).

Findings

Results show that “size” has a positive significant relationship with the share price while the other variables have insignificant relationship.

Originality/value

This paper helps in determination of the factors that affect share price fluctuations in banking sector of Pakistan. The similar affects can be observed in financial sector in other countries.

Details

Journal of Economic and Administrative Sciences, vol. 30 no. 2
Type: Research Article
ISSN: 1026-4116

Keywords

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